June 13, 2011

SUNWAY - Sunway upgraded to 'trading buy'

Stock Name: SUNWAY
Company Name: SUNWAY HOLDINGS BHD
Research House: OSK

Sunway Holdings Bhd, a Malaysian builder and property developer, was upgraded to “trading buy” from “neutral” at OSK Research Sdn Bhd on potential upside from its planned merger with Sunway City Bhd.

The stock’s fair value was raised to RM3.27 from RM2.60, analyst Jeremy Goh wrote in a report today. -- Bloomberg

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